- What MGM's Sale Could Say About Value of Content
- My Exclusive Interview With Bob Iger
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- Disney's CFO-Theme Park Chairman Executive Swap
- What to Expect From Disney Earnings?
- Ahead of Earnings Disney Restructures Studio
- Murdoch Lashes Out At Google
- Why Google is Paying $750 Million for Ad Mob
- Modern Warfare 2's Record-Breaking Launch
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- What MGM's Sale Could Say About Value of Content
- My Exclusive Interview With Bob Iger
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- Disney's CFO-Theme Park Chairman Executive Swap
- What to Expect From Disney Earnings?
- Ahead of Earnings Disney Restructures Studio
- Murdoch Lashes Out At Google
- Why Google is Paying $750 Million for Ad Mob
- Modern Warfare 2's Record-Breaking Launch
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
RSS FEED
MOST SHARED
- Stocks Overvalued, Recession Will Return: Meredith Whitney
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- U.S. May Wind Up Green With Envy
- BofA Ex-Counsel: I Was 'Stunned' When I Got Fired
- Bernanke Offers Something For Everyone
- Fed Likely to Keep Rates Low Despite Dollar's Fall: Bernanke
- Solar Emerges From A Dark Period
- Oil Tomorrow
- Stanford Receiver to Release Funds Of Frozen Acounts
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Answers to Your Questions: A Path to Economic Disaster?
- 5 Ways to Play the Chinese Markets: Analyst
- Meredith Whitney: Turns Bearish
- 3 Stock Plays on Rising College Costs
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Nov. 16: Unusual Volume Leaders
- Getting to the Heart of the Merck-Abbott Embargo Break
- What MGM's Sale Could Say About Value of Content
- My Ratings on Lowe's & Home Depot: Analyst
- Buffett's Berkshire Hathaway Boosts Stake in Wal-Mart
- Time Warner to Spin Off AOL on December 9
- Gates Boosts Waste Management, Coca Cola Stakes
- What's Kept Stock Rally Going? Fear, Not Confidence
- Fed to Keep Rates Low Despite Dollar's Fall: Bernanke
- Citi Shares, A Strange Indicator Of Unemployment?
- Millions Could Have to Repay Part of Obama's Tax Credit
- Hollywood Turns to Porn as Unemployment Rises
- Slideshow: US Cities With Most Underwater Mortgages
Media Money
With a new administration getting ready to take over in Washington, the folks out in La La Land are wondering if there will be any affect on 'the biz.'
News that Representative Henry Waxman will become chairman of the House Energy & Commerce Committee in January, replacing John Dingell, who chaired the committee for the last 28 years, should be good for the entertainment industry.
The people who drive Hollywood are literally Waxman's constituency; his district includes Beverly Hills, Malibu, Santa Monica, and West Hollywood. With many of Hollywood's biggest studios in his district, and even more of the people who work there, it's only natural that Waxman would be looking out for their interests.
But Waxman has made some enemies in the broadcast TV space: pushing for free airtime for candidates, and grilling network news heads after incorrect calls in the 2000 race. He was influential in cracking down on media depictions of smoking, an issue the MPAA instituted a much stricter policy on last year. In 2001 Waxman even pushed to get NBC to turn over a video tape that allegedly showed our parent company, GE's [GE
Loading...
()
] then chairman Jack Welch, pushing news executives.
Waxman will have sway when it comes to issues of intellectual property, broadcast indecency, and even the issue of how cable and telecom companies regulate data transmitted over broadband lines (aka. net neutrality). The Energy & Commerce Committee oversees the Federal Communications Commision and all telecom issues. Waxman should work closely with a number of Hollywood allies: House Speaker Nancy Pelosi, Representative Howard Berman, and Rep. Ed Markey, who chairs the subcommittee on telecom in the internet.
Waxman pushed for this new role with an emphasis on energy, claiming that the committee hadn't made enough progress on global warming and the environment. In this economy, it seems we're unlikely to see too many media conflicts anytime soon.
In the meantime Waxman will focus on his energy issues. But when those issues do arise, as they're sure to, it'll be interesting to see if Waxman continues his hard line on broadcast policy, or whether he's more sensitive to the challenged industry.
Questions? Comments?








